Greetings from Capšu Zeme, aka our summer residence in Western Latvia. After spending about eight days in Riga, we finally made it back to our place. We’ve been working in the garden, harvesting cucumbers and blueberries, and even digging up some potatoes. Lovely.
As of August 14, 2026, our stock portfolio closed at $13,606, which is another increase by 0.99% week over week. This comes as a bit of a surprise, as I was expecting some pullback in NVDA stock. Instead, it kept rallying. With the earnings report just around the corner (August 26), I expect volatility to remain elevated for at least another week.
This week, I was considering moving away from selling credit spreads on NVDA and switching to AAPL instead. The idea became even more tempting after I received a brand-new Apple MacBook Pro with the M5 chip as a late birthday gift from my lovely wife.
Buying it locally really put things into perspective: the price tag was equivalent to roughly 25% of the total value of our stock portfolio. We already hold a few AAPL shares, but despite considering increasing my exposure to Apple, I ultimately decided to stick with what has been working and kept grinding NVDA credit spreads for another week.
The portfolio is now up 30.87% year to date, comfortably ahead of both the S&P 500 (+13.41%) and NVDA (+19.41%).
Current Options Positions
- NVDA AUG 21, 2026 212.5/202.5 Bull Put Credit Spread
- BAC SEP 18, 2026 60/55 Bull Put Credit Spread
- LHA FRA Sep 18, 2026 7.6 Cash-Secured Put (EUR)
- ARCC Sep 18, 2026 16 Cash-Secured Put
- HEL STERV SEP 18, 2026 8.5 Cash-Secured Put (EUR)
- NFLX Sep 18, 2026 80/85 Bear Call Spread
- BMY OCT 16, 2026 57.5/52.5 Bull Put Credit Spread
- NVDA Jun 17, 2027 $125 Covered Call
- NFLX Dec 17, 2027 64 Cash-Secured Put
Now, after our previous NVDA credit spread expired worthless, I opened another weekly spread with higher strike prices. I believe these are among the highest strikes at which I’ve sold NVDA credit spreads so far.
Additionally, despite planning not to open any new positions until the September expiry is over, I opened another bull put spread on Bank of America. The goal is to give this week’s options income a boost and help eliminate our remaining margin debt.
This is a calculated risk, certainly not a trade recommendation. If things go south, these positions could become quite challenging to manage.
It is also worth noting that our NFLX bear call spread is starting to come under pressure. There is a real possibility that, in the coming weeks, I may need to roll it up and out to a later expiry.
Total options premium collected this week reached $55.62. That slightly beats last week’s income, but it is still quite modest.
Most of the premium income was reinvested directly into the portfolio through the purchase of 0.1 share of NVDA, 0.1 share of NFLX and 0.1 share of BAC
The current margin balance has decreased slightly to −$2,569. At the current weekly premium of around $55, it would take roughly 46 weeks to eliminate the margin debt - and that assumes none of the premium is reinvested into shares.
Over the next few weeks, I doubt the weekly options premium will even reach $40, which means the actual repayment period is likely to be longer.
Looking ahead to next week, the main focus will remain the NVDA $212.5/$202.5 bull put spread and NFLX $80/$85 call bear spread
Should and of the positions comes under renewed pressure, the plan is to roll it forward - ideally for a net credit - while keeping the risk controlled. Assignment remains a possible outcome, and if it happens, the next chapter of the strategy may involve covered-call writing on NVDA.
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